Golden Hill Multifamily Investment
3042-48 Broadway San Diego, CA 92102
For Sale
$1,950,000
MULTI_FAMILY - San Diego, CA
Property Size3,464 SF
Lot Size0.16 Acres
Price / SF$562.93
Days on Market232
Property Features for 3042-48 Broadway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-4:MULTIP
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 4
- Exterior features
- Alley Access
- Fencing
- Cross Fenced
- Standard status
- Active
- APN
- 539-542-20-00
- Size
- 3,464 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Gravity
- Cooling system
- Wall/Window Unit(s)
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing Agency:
AARE
(858) 342-9292
Listed By:
Gary B Giffin · License #01459257
(858) 401-0204
Added: Dec 6, 2025
Changed: Jul 23
Last Checked: Jul 26 at 12:06AM
MLS# 250045343
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a four-unit multifamily investment property located in the Golden Hill area of San Diego. Constructed in 1927, the two-story building includes a large, fully fenced front yard with grass and a gravel pathway. The rear of the property features a covered veranda area. The units consist of two 2-bedroom, 1-bathroom units averaging 825 square feet, and two 2-bedroom, 1-bathroom units with office space, averaging 907 square feet. Each unit has a private entrance and includes a stove and refrigerator, as well as hardwood floors, period tile in kitchens and baths, and vintage built-in cabinetry. There are five off-street parking spaces at the rear of the property. A coin-operated laundry room is available, with hookups for expansion to double-stacked laundry. Golden Hills is near Balboa Park and Downtown San Diego, with access to the I-15, I-94, and I-805 freeways, as well as shopping and dining. The property is located in a desirable location for both investors and tenants. The property is a turnkey investment opportunity in the Golden Hill neighborhood. The property may have possible tax benefits if registered with the city for Mills Act Historic Property designation. The lot size is 0.1614 acres and the property size is 3,464 square feet. The zoning is R-4:MULTIP.
Key Highlights
- 1927‑era 2‑story 4‑unit multifamily property with alley access
- Two 2BR/1BA units average 825 SF and two 2BR/1BA with office units average 907 SF
- Each unit has a private entrance plus stove and refrigerator
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.5k | $27.00 |
| − Vacancy | −$4.9k | −$1.41 |
| EGI | $88.6k | $25.59 |
| − OpEx | −$26.6k | −$7.68 |
| NOI | $62.1k | $17.91 |
3,464 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$886.5K
$775.7K – $1.03M
NOI $62,052 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$817.9K
$715.7K – $954.2K
NOI $57,253 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,773 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property in San Diego's Golden Hill neighborhood.
Where is this quadplex located?
The property is located at 3042-48 Broadway San Diego, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1927‑era 2‑story 4‑unit multifamily property with alley access; Two 2BR/1BA units average 825 SF and two 2BR/1BA with office units average 907 SF; Each unit has a private entrance plus stove and refrigerator
